(The Guardian) More than a dozen Nobel prize-winning economists have warned that inflation will soar once again if Donald Trump takes back the White House in November.
In a letter obtained by Axios, 16 Nobel laureates wrote that the presumptive Republican nominee’s plans would reignite inflation and cause lasting harm to the global economy. -- While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda is vastly superior to Donald Trump.
They go on to write that a second Trump term would have “a negative impact on the US’s economic standing in the world, and a destabilizing effect on the US’s domestic economy.” -- Many Americans are concerned about inflation, which has come down remarkably fast. There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets.
In a letter obtained by Axios, 16 Nobel laureates wrote that the presumptive Republican nominee’s plans would reignite inflation and cause lasting harm to the global economy. -- While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda is vastly superior to Donald Trump.
They go on to write that a second Trump term would have “a negative impact on the US’s economic standing in the world, and a destabilizing effect on the US’s domestic economy.” -- Many Americans are concerned about inflation, which has come down remarkably fast. There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets.
